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04/28/2009 GBPJPY Trade

Written by Hugh, on April 29th, 2009

Surprise Box trade on the 1 hour chart.

Short 1 (50) GBPJPY @ 4019
Stop @ 4204 (-185)
Take Profit @ 3219 (+800)

Added a position:

Short 1 (50) @3953
Stop @ 4148 (-195)
Take Profit @ 3219 (+734)

Click above for larger image

Click above for larger image

The stop was pretty wide so I entered on a small position.  The break was pretty decisive so I added another position.  However, the second position had a lower stop loss than the first position.  In hindsight, that made no sense because they were essentially the same position and should have had the same stop.

Regardless, I got stopped out on both positions for a -380 pip loss on the total postion.  I am OK with this because it was a good signal and I kept the lot sizes small so I didn’t lose too much in $ amount terms.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.